Twiga Foods announced Thursday that chief executive Peter Njonjo is taking a six-month sabbatical after the company recently concluded a successful capital raise to fund its growth and transformation.
“Peter’s contribution to Twiga’s success is immeasurable, leading the transformation of the food and agricultural supply chains in our markets,” said Hein Pretorius, Twiga’s chairman of the board. “Following the successful capital raise, the board supports Peter’s decision to take a sabbatical.”
Laurent Gouault, Twiga’s chief operating officer, and Zuber Momoniat, the company’s chief financial officer, will lead operations and finance during Njonjo’s absence. Njonjo will remain on Twiga’s board of directors.
“I have full confidence in the capabilities of Twiga’s recently bolstered senior leadership team,” Pretorius said.
Njonjo co-founded Twiga in 2019 with the goal of increasing food security in Kenya by improving distribution of fresh produce and other fast-moving consumer goods.
Pretorius thanked Njonjo for his “demonstrated commitment in ensuring the completion of Twiga’s recent funding round, despite the personal sacrifices required.”
He said Twiga is now in a strong market position and the board looks forward to working with Njonjo on the company’s further development.
Twiga, a technology company for Africa’s retail ecosystem, provides distribution of consumer goods to more than 100,000 registered business-to-business retail customers. It also offers financial services, digital goods and data services to customers and suppliers.
The sabbatical announcement was issued Thursday on behalf of Twiga’s board of directors.
